Question 6 (12 points)

Annapolis Company manufactures quality boating apparel. The following selected financial information for the fiscal year 2020 is provided:

Item	Amount
Sales	$850,000
Beginning Raw Material Inventory	74,000
Direct Material Purchased	318,000
Factory Overhead	90,000
Finished Goods Inventory - January 1	144,000
Work in Process - January 1	74,000
Work in Process - December 31	98,000
Ending Raw Material Inventory	58,000
Finished Goods Inventory - December 31	168,000
Net Income	65,000
Direct Labor	155,000
Cost of Goods Sold	531,000

Use this information to prepared a detailed Schedule of Costs of Goods Manufactured for FY 2020: (Round dollar values & enter as whole dollars only. Properly title your statement.)

Schedule of Costs of Goods Manufactured